Umeå University's logo

umu.sePublikasjoner
Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Do transaction costs influence firm trading behaviourin the European emissions trading system?
Umeå universitet, Samhällsvetenskapliga fakulteten, Centrum för miljö- och naturresursekonomi (CERE). Umeå universitet, Samhällsvetenskapliga fakulteten, Handelshögskolan vid Umeå universitet, Nationalekonomi.
Umeå universitet, Samhällsvetenskapliga fakulteten, Centrum för miljö- och naturresursekonomi (CERE). Umeå universitet, Samhällsvetenskapliga fakulteten, Handelshögskolan vid Umeå universitet, Nationalekonomi.
2015 (engelsk)Inngår i: Environmental and Resource Economics, ISSN 0924-6460, E-ISSN 1573-1502, Vol. 62, nr 3, s. 583-613Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

This study is one of the first to empirically investigate firm trading behaviour and the importance of permit trading transaction costs, such as information costs and search costs, in the first phase of the European Union’s Emissions Trading System (EU ETS). The signs and significance of our constructed transaction costs proxy variables indicate for a presence of these costs in the initial years of the EU ETS. In particular, this paper shows that ETS firms with the smaller number of installations and with less trading experience were less likely to participate in the European emissions trading market and traded the lower quantities of permits. Furthermore, these firms chose to trade permits indirectly via third parties. This study also supports the concerns that transaction costs could be excessive for smaller participants and firms operating in the new EU member states.

sted, utgiver, år, opplag, sider
Springer-Verlag New York, 2015. Vol. 62, nr 3, s. 583-613
Emneord [en]
Climate policy, Emissions trading, EU ETS, European Union, Firm-level data, Trading behaviour, Transaction costs
HSV kategori
Identifikatorer
URN: urn:nbn:se:umu:diva-94625DOI: 10.1007/s10640-014-9831-7ISI: 000364221800009Scopus ID: 2-s2.0-84946474212OAI: oai:DiVA.org:umu-94625DiVA, id: diva2:755216
Merknad

Published online 9 October 2014.

Tilgjengelig fra: 2014-10-14 Laget: 2014-10-14 Sist oppdatert: 2023-03-24bibliografisk kontrollert

Open Access i DiVA

Fulltekst mangler i DiVA

Andre lenker

Forlagets fulltekstScopus

Person

Jaraite-Kazukauske, JurateKazukauskas, Andrius

Søk i DiVA

Av forfatter/redaktør
Jaraite-Kazukauske, JurateKazukauskas, Andrius
Av organisasjonen
I samme tidsskrift
Environmental and Resource Economics

Søk utenfor DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric

doi
urn-nbn
Totalt: 526 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf